Segment Information

9 Months Ended

Sep. 30, 2011

Segment Reporting, Disclosure Of Other Information About Entitys Reportable Segments [Abstract]

Segment Reporting Disclosure [Text Block]

NOTE 11 - SEGMENT INFORMATION

For the nine months ended September 30, 2011 and 2010, the Company operated in two reportable business segments - (1) the manufacture of dyeing and finishing equipment segment and (2) the manufacture of forged rolled rings and related components for the wind power and other industries segment, which also includes the manufacture of the Company’s solar industry products. The Company's reportable segments are strategic business units that offer different products. They are managed separately based on the fundamental differences in their operations.  All of the Company’s operations are conducted in the PRC.

Information with respect to these reportable business segments for the three and nine months ended September 30, 2011 and 2010 is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
Revenues:
Dyeing and finishing equipment	$	4,067,900		$	5,559,091		$	12,118,216		$	15,776,814
Forged rolled rings and related components		7,608,796			15,702,963			29,733,041			41,303,196
		11,676,696			21,262,054			41,851,257			57,080,010
Depreciation:
Dyeing and finishing equipment		267,443			136,649			665,030			371,751
Forged rolled rings and related components		879,966			808,172			2,986,138			1,773,712
		1,147,409			944,821			3,651,168			2,145,463
Interest expense:
Forged rolled rings and related components		60,452			23,923			122,980			69,393
Other (a)		-			-			-			47,943
		60,452			23,923			122,980			117,336
Net income (loss):
Dyeing and finishing equipment		463,156			580,281			1,292,804			1,782,784
Forged rolled rings and related components		838,628			2,580,906			4,329,039			7,068,661
Other (a)		(166,794	)		(187,597	)		(651,734	)		(907,661	)
		1,134,990			2,973,590			4,970,109			7,943,784
Identifiable long-lived tangible assets by segment:	September 30, 2011			December 31, 2010
Dyeing and finishing equipment	$	9,892,459		$	6,033,004
Forged rolled rings and related components		50,234,992			48,709,989
	$	60,127,451		$	54,742,993
Identifiable long-lived tangible assets by geographical location:	September 30, 2011			December 31, 2010
China	$	60,127,451		$	54,742,993
United States		-			-
	$	60,127,451		$	54,742,993

 (a)             The Company does not allocate any general and administrative expenses of its U.S. activities to its reportable segments because these activities are managed at a corporate level and not allocable to any segment.